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Do people need full pay in this environment?

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  • 19-03-2020 11:14am
    #1
    Pkiernan
    Registered Users Posts: 4,315 ✭✭✭


    If it helps to keep jobs in the private sector and lowers the tax bill for public sector workers, do we really need to keep pay levels at full pay?

    Noones going on holidays, to the pub, buying cars etc.

    Inflation will be zero and fuel costs are down. Couple that with mortgage and rent holidays, we simply don't need full pay (private, public or welfare) at this time.


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    #2
    mariaalice
    Registered Users Posts: 12,408 ✭✭✭✭mariaalice


    Pkiernan wrote: »
    If it helps to keep jobs in the private sector and lowers the tax bill for public sector workers, do we really need to keep pay levels at full pay?

    Noones going on holidays, to the pub, buying cars etc.

    Inflation will be zero and fuel costs are down. Couple that with mortgage and rent holidays, we simply don't need full pay (private, public or welfare) at this time.

    Food, fuel, utilities, direct debits,


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    #3
    bladespin
    Registered Users Posts: 7,340 ✭✭✭bladespin


    Speak for yourself, none of my bills are reducing from what I can see.


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    #4
    Ubbquittious
    Registered Users Posts: 6,198 ✭✭✭Ubbquittious


    Pkiernan wrote: »
    If it helps to keep jobs in the private sector and lowers the tax bill for public sector workers, do we really need to keep pay levels at full pay?

    Noones going on holidays, to the pub, buying cars etc.

    Inflation will be zero and fuel costs are down. Couple that with mortgage and rent holidays, we simply don't need full pay (private, public or welfare) at this time.

    Tis grand as its long as its someone else's pay that's being cut. What about your own?


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    #5
    mariaalice
    Registered Users Posts: 12,408 ✭✭✭✭mariaalice


    bladespin wrote: »
    Speak for yourself, none of my bills are reducing from what I can see.

    If you have a mortgage or renting they are.


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    #6
    Salary Negotiator
    Closed Accounts Posts: 1,148 ✭✭✭Salary Negotiator


    Well I'm doing as much work as before and what I spend my money on is nobody's business but mine so I expect full pay.

    I work for a huge multi-national who when the time comes will just lay me off (something that was on the cards before this pandemic) so until then I won't be agreeing to a reduced wage.


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    #7
    jimmytwotimes 2013
    Registered Users Posts: 4,765 ✭✭✭jimmytwotimes 2013


    mariaalice wrote: »
    If you have a mortgage or renting they are.

    How? Mortgage/rent holiday will only be for those who need it, not everybody.


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    #8
    Ten of Swords
    Moderators, Category Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 22,690 CMod ✭✭✭✭Ten of Swords


    Salary Negotiator wrote: »
    I expect full pay.

    Username checks out :pac:




    Had to!!! :)

    Moderator: Lesbian, Gay, Bisexual & Transgender, Vegan & Vegetarian

    Category Moderator: Social & Fun



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    #9
    Pkiernan
    Registered Users Posts: 4,315 ✭✭✭Pkiernan


    Ubbquittious wrote: »
    Tis grand as its long as its someone else's pay that's being cut. What about your own?

    I fully expect that my tenants may not be able to pay rent to me. That's a very big pay cut.


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    #10
    Heres Johnny
    Closed Accounts Posts: 2,738 ✭✭✭Heres Johnny


    I was just thinking myself that if I can stay on full pay through this I will emerge with quite a lot saved as my spending will be severely curtailed as I have no leisure or fun activities to avail of. However, thats how economies enter recessions by people hoarding money so I will not do it too much.

    However we are facing layoffs and currently deciding whether it is better if we all take a 20% pay cut instead of laying off 20% of staff. Going to cause problems anyway


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    #11
    mariaalice
    Registered Users Posts: 12,408 ✭✭✭✭mariaalice


    jimmytwotimes 2013 wrote: »
    How? Mortgage/rent holiday will only be for those who need it, not everybody.

    Those who need it are those who are laid off if they are working it would not apply, either people are working or they are laid off they cant be both.


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    #12
    Heres Johnny
    Closed Accounts Posts: 2,738 ✭✭✭Heres Johnny


    mariaalice wrote: »
    Those who need it are those who are laid off if they are working it would not apply, either people are working or they are laid off they cant be both.

    Could be a 3 day week, could be a pay cut.


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    #13
    mariaalice
    Registered Users Posts: 12,408 ✭✭✭✭mariaalice


    Heres Johnny wrote: »
    Could be a 3 day week, could be a pay cut.

    But that is different, people would have to cut back, I do think we will bounce back very quickly once we sort this.


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    #14
    [Deleted User]
    Posts: 11,614 ✭✭✭✭ [Deleted User]


    mariaalice wrote: »
    If you have a mortgage or renting they are.

    I'm renting, my landlord lives in Australia and is not affected, so won't be getting a mortgage holiday, so I won't be getting a rent holiday.


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    #15
    Lurching
    Registered Users Posts: 1,239 ✭✭✭Lurching


    mariaalice wrote: »
    If you have a mortgage or renting they are.

    Even if I was in a position to pause my mortgage, I'd end up paying more in the end as the bank certainly won't pause the interest.
    I'm not volunteering any of my salary so that I can pause my mortgage.


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    #16
    mariaalice
    Registered Users Posts: 12,408 ✭✭✭✭mariaalice


    Lurching wrote: »
    Even if I was in a position to pause my mortgage, I'd end up paying more in the end as the bank certainly won't pause the interest.
    I'm not volunteering any of my salary so that I can pause my mortgage.

    How much is three months of interest on an average mortgage? its cant be that much, however, I do not think it is not the correct response there should have been one month pause of all rent, mortgage, utilities, and then reassess for everyone who has been let go.


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    #17
    bladespin
    Registered Users Posts: 7,340 ✭✭✭bladespin


    mariaalice wrote: »
    If you have a mortgage or renting they are.

    They're not, fuel cost is up due to extra use at home, food bills too, not to mention additional cost for all the toilet rolls and hand sanitiser.


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    #18
    Gretas Gonna Get Ya!
    Closed Accounts Posts: 1,245 ✭✭✭Gretas Gonna Get Ya!


    Pkiernan wrote: »
    If it helps to keep jobs in the private sector and lowers the tax bill for public sector workers, do we really need to keep pay levels at full pay?

    Noones going on holidays, to the pub, buying cars etc.

    Inflation will be zero and fuel costs are down. Couple that with mortgage and rent holidays, we simply don't need full pay (private, public or welfare) at this time.

    Who is this "noone" chap you keep rabbiting on about anyway?

    Is he a buddy of yours or something?


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    #19
    Pkiernan
    Registered Users Posts: 4,315 ✭✭✭Pkiernan


    Gretas Gonna Get Ya! wrote: »
    Who is this "noone" chap you keep rabbiting on about anyway?

    Is he a buddy of yours of something?

    I'm afraid to start laughing at that joke in case I never stop.


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    #20
    witchgirl26
    Registered Users Posts: 2,106 ✭✭✭witchgirl26


    Yes I need full pay. I still have a mortgage to pay which I can't get a break on because I haven't been directly affected by the virus so wouldn't qualify. My bills are actually a bit higher as there's 3 of us at home all day everyday and eating breakfast, lunch & dinner as opposed to just breakfast & dinner. Also I may have to still pay full creche fees so my salary is quite important right now.


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    #21
    [Deleted User]
    Posts: 17,728 ✭✭✭✭ [Deleted User]


    I don't need my full pay but I certainly intend to keep paying it to myself.


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    #22
    mohawk
    Registered Users Posts: 1,781 ✭✭✭mohawk


    Pkiernan wrote: »
    If it helps to keep jobs in the private sector and lowers the tax bill for public sector workers, do we really need to keep pay levels at full pay?

    Noones going on holidays, to the pub, buying cars etc.

    Inflation will be zero and fuel costs are down. Couple that with mortgage and rent holidays, we simply don't need full pay (private, public or welfare) at this time.

    Only people getting mortgage and rent holidays should be those who lost their jobs. Anyone who still has their jobs should be paying their bills so banks, utility companies etc have enough cash to help those who lose their jobs.


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    #23
    mohawk
    Registered Users Posts: 1,781 ✭✭✭mohawk


    mariaalice wrote: »
    How much is three months of interest on an average mortgage? its cant be that much, however, I do not think it is not the correct response there should have been one month pause of all rent, mortgage, utilities, and then reassess for everyone who has been let go.

    Why should people not affected get a pause on their bills. That would only make situation worse.


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    #24
    ILoveYourVibes
    Registered Users Posts: 15,176 ✭✭✭✭ILoveYourVibes


    Yes. People need rent ..electricity food etc. I dont know many people that have high outgoings on socializing these days.


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    #25
    jimd2
    Registered Users Posts: 789 ✭✭✭jimd2


    Pkiernan wrote: »
    If it helps to keep jobs in the private sector and lowers the tax bill for public sector workers, do we really need to keep pay levels at full pay?

    Noones going on holidays, to the pub, buying cars etc.

    Inflation will be zero and fuel costs are down. Couple that with mortgage and rent holidays, we simply don't need full pay (private, public or welfare) at this time.

    This is something that I was also thinking.

    If it was to help the coffers I think all public servants on salaries over a certain amount (say €75k) should have their salaries cut back to €75k for the duration of this but pension calculations still based on actual salary.

    Others in the economy are getting a hammering and this should be enough for them in this environment.

    I may get creased for this but I would point out that I am a public servant on over €75k.


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    #26
    Fann Linn
    Registered Users Posts: 7,782 ✭✭✭Fann Linn


    Two weeks in and the public private debate has started.
    Actually took a bit longer than I expected though.


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    #27
    Idbatterim
    Registered Users Posts: 17,849 ✭✭✭✭Idbatterim


    with the place in lockdown, you can live on a pittance, certainly if you are housebound!

    people should only be allowed defer mortgage, if their job circumstances have changed, the money to prop up banks now will have to come from the taxpayer I assume, what kind of idiocy would it be, to have people who's circumstances havent changed and the taxpayer, supporting the amount the banks are out :rolleyes:


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    #28
    [Deleted User]
    Posts: 17,728 ✭✭✭✭ [Deleted User]


    mariaalice wrote: »
    How much is three months of interest on an average mortgage? its cant be that much.........

    If in the first 10 years of the mortgage at 3% its about 40% of the total amount.
    As the mortgage matures and you owe less then less interest gets added so there's less to pay.


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    #29
    gibgodsman
    Registered Users Posts: 564 ✭✭✭gibgodsman


    mariaalice wrote: »
    If you have a mortgage or renting they are.

    My rent hasn't changed? None of my bills have, even Sky haven't bothered to allow me to pause sky sports yet


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    #30
    c68zapdsm5i1ru
    Closed Accounts Posts: 2,709 ✭✭✭c68zapdsm5i1ru


    Most of my pay goes on my mortgage and deferring isn't really an option as I'll be retiring in a few years and can't afford to pay it on a pension.


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    #31
    namloc1980
    Registered Users Posts: 18,139 ✭✭✭✭namloc1980


    mariaalice wrote: »
    How much is three months of interest on an average mortgage? its cant be that much, however, I do not think it is not the correct response there should have been one month pause of all rent, mortgage, utilities, and then reassess for everyone who has been let go.

    Say €200k mortgage at 3.5% would be interest over 3 months of €1,750.


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